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you are having some potential impact on the entire economy. obviously, toys and other things, as well. >> the president's plan calls for raising the tax rates on americans earning $250,000 or more. most republicans remain dead set against the president's plan. >> that's true. i think, though, we have to take a look at the larger context. the larger context is we have a math problem. we have $2.5 trillion that we're taking in every year on the federal government and $3.5 trillion that we're spending. so, we're going to need a balanced approach of both revenue and spending cuts to teat there. so, that's what the president has been talking about and certainly something i can support. >> "the wall street journal" today senior administration officials say the white house not making any new offers until republicans change their opposition to raising top tax rates in this country. as a businessman, that would be directly affected by an impasse like that, as would millions of americans. how do you feel about that? >> how i feel, i'm 100% confident we'
you are having some potential impact on the entire economy. obviously, toys and other things, as well. >> the president's plan calls for raising the tax rates on americans earning $250,000 or more. most republicans remain dead set against the president's plan. >> that's true. i think, though, we have to take a look at the larger context. the larger context is we have a math problem. we have $2.5 trillion that we're taking in every year on the federal government and $3.5 trillion...
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Nov 29, 2012
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for moving the economy forward. president obama, of course, said on election night that he wanted to sit down with mitt romney and do exactly that. and carney was also asked again if president obama would be offering romney any sort of cabinet position. and carney said he did not expect that to happen. i think this was in large part about optics. striking a tone of bipartisanship after what was really a grueling campaign season. helping these two former rivals to essentially move forward. also, in turn, helping the country to move forward. >> is there going to be an internal release of a picture or something like that of the two-minute lunch today? we only have that, you know, little bit of video of mitt romney arriving. >> reporter: yes. that is what we are hoping for. we're hoping for a picture. we're hoping for a few details about what specifically happened. the white house has essentially said they're not going to read out this entire lunch. we asked them for a transcript. doesn't look like we're going to get th
for moving the economy forward. president obama, of course, said on election night that he wanted to sit down with mitt romney and do exactly that. and carney was also asked again if president obama would be offering romney any sort of cabinet position. and carney said he did not expect that to happen. i think this was in large part about optics. striking a tone of bipartisanship after what was really a grueling campaign season. helping these two former rivals to essentially move forward. also,...
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listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to be impossible to address our country's debt crisis. and get our economy going again and to create jobs. so right now, all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. with that i'll take a few questions. >> speaker boehner, why will you not tell democrats what specific spending cuts you would like to see, especially within en titlements? >> it's been very clear over the last year-and-a-half, i've talked t
listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to...
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. >> our members believe strongly that raising tax rates will hurt the economy. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue. >> in order for us to raise the amount of revenue that's needed just by closing deductions and loopholes for high earners we'd have to, for example, eliminate or severely cap the char itible deduction. >> an obsession to raise taxes not going to solve the problem. what will solve the problem is doing something about the entitlements, taking on the wasteful spending in washington. >> and meantime, "the new york times" jonathan wiseman reports behind the scene republican leaders are considering the president's plan to extend middle class tax cuts now an address the debt and spending in the new year. here's republican senator tom coburn on "morning joe." >> actually, i would rather see the rates go up than the other way and greater chance to broaden the base in the future. >> do something, a down payment on cuts, on investments and revenue this year. and then in the next year take the time to g
. >> our members believe strongly that raising tax rates will hurt the economy. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue. >> in order for us to raise the amount of revenue that's needed just by closing deductions and loopholes for high earners we'd have to, for example, eliminate or severely cap the char itible deduction. >> an obsession to raise taxes not going to solve the problem. what will solve the problem is doing...
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on january 20, he will face a a fiscal economy and and i mess. you might say he will inherit these problems. [laughter] [applause] he his second term, i hope t will offer fresh ideas. failure will mean for more years of -- four more years we have work to do. -- four more years. we have work to do. serious solutions for serious reforms, we thank him for doing that. [applause] the election did not go our way. the republican party cannot make excuses. we cannot have the next four years on the sidelines. we need to apply our timeless principles to the challenges of the day. our party excels at representing that part of the american idea that speaks to the aspirations of our nation's risk-takers. we celebrate that part involves finding a passion and making a living from it. there is another part of the american creed. when our neighbors are struggling, we look out for one another. we take care of those who are suffering in the midst of our families come alive, and communities. we do that best to our families, communities, and our party must and for ma
on january 20, he will face a a fiscal economy and and i mess. you might say he will inherit these problems. [laughter] [applause] he his second term, i hope t will offer fresh ideas. failure will mean for more years of -- four more years we have work to do. -- four more years. we have work to do. serious solutions for serious reforms, we thank him for doing that. [applause] the election did not go our way. the republican party cannot make excuses. we cannot have the next four years on the...
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Nov 29, 2012
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>> the state's economy is third in the country in terms of worse performing. and he just unveiled a proposal to give driver's license to illegal aliens. this guy has been inundated. there is a major backlash here and now he declares this war on christmas. he is in a lot of trouble. the folks though in rhode island outside of brown, they want it to be the christmas tree, right? >> of course they do. >> bill: okay. >> he they are not really that angry. it's a bizarre -- it's so out of the mainstream they kind of think chafee has kind of lost it. >> bill: all right. well rhode island traditionally a very catholic state. a lot of italians, portuguese, this and that. we're going to get -- you are going to get governor chafee for us. i'm going to be able to interview him later, right? >> right. we're really looking forward to it. it looks like it's going to go down. >> bill: going to be tomorrow. o'reilly and chafeee. does he have any clue what he he is getting into? >> i think he does. but that's what i'm worried about. i'm looking forward to this interview. i'm go
>> the state's economy is third in the country in terms of worse performing. and he just unveiled a proposal to give driver's license to illegal aliens. this guy has been inundated. there is a major backlash here and now he declares this war on christmas. he is in a lot of trouble. the folks though in rhode island outside of brown, they want it to be the christmas tree, right? >> of course they do. >> bill: okay. >> he they are not really that angry. it's a bizarre --...
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economy still muddling along since the two thousand and eight crisis with the low level of i.p.o. volume since the dot com bubble burst low business investment low were record budget deficits from the government and high unemployment do we actually need a bubble not a case i would make but a very smart gentleman is here to tell us why they can sometimes be good joining me from our new york studio is dr william janeway he's senior advisor for warburg pincus technology and author of the book doing capitalism in the innovation economy markets speculation and the state first thank you so much for being on the show very good to be here we're going to have you because you have said and i would definitely agree that bubbles have received bad press whether we're talking about the two live bubble in the sixteen hundreds or whether we're talking about the real estate bubble ahead of two thousand and eight but in some instances you say bubbles can be good why can bubbles be good and what kind of a bubble would we need or might we need now well the first thing as you've said is the bubbles or
economy still muddling along since the two thousand and eight crisis with the low level of i.p.o. volume since the dot com bubble burst low business investment low were record budget deficits from the government and high unemployment do we actually need a bubble not a case i would make but a very smart gentleman is here to tell us why they can sometimes be good joining me from our new york studio is dr william janeway he's senior advisor for warburg pincus technology and author of the book...
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i'm worried about stalling the economy. in the meantime when we talk about raising taxes and what it would do to small business. democrats like to point out we would only raise taxes on 3% of small business owners. >> right. melissa: but that 3% generates 50% of the income from small business. so they're hiring the majority of people. to me that is going to cost us jobs. >> well, you know what? i think that what will cost us jobs for sure is if we go off thissfiscal cliff, because it is not just about raising tacks. it is also about the debt ceiling. it is about unemployment insurance. we have number of key issues that absolutely have to be resolved byythe end of the month. i want to tell you something, in spite of what it might look i'm actually optimistic i think this is the way negotiations happen. melissa: you are? >> in the political world, i am, i am. in the political world, you know 30 days is a lifetime. and so i believe that we will reach agreement. now what i don't believe will happen i don't believe we'll solve a
i'm worried about stalling the economy. in the meantime when we talk about raising taxes and what it would do to small business. democrats like to point out we would only raise taxes on 3% of small business owners. >> right. melissa: but that 3% generates 50% of the income from small business. so they're hiring the majority of people. to me that is going to cost us jobs. >> well, you know what? i think that what will cost us jobs for sure is if we go off thissfiscal cliff, because...
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since world war 2 we've spent between 18 and 19% of the overall economy. that's the percentage of economic activity the government has consumed. if you look at revenue, we're at about 16%. if you look at spending, we're at 25%. we're way out of kilter when it comes to spending, and the president, all he wants to focus on is the little -- the reason we're at 16, n not 18, is becaue of poor economic growth. he doesn't want to focus on the problem. he wants to transform what american government is about. >> is it because he thinks he has a better idea or because he's stubborn and arrogant? >> look, do i believe the president is stubborn and arrogant? maybe. i don't know him that well. i will say that he's convicted that government should have more resources and make more decisions in america and that's the course we're headed on. >> senator, thank you. always nice to see you, sir. >> my pleasure, thank you. >>> to the sizzling question of the day. will the next ambassador wear prada. why would president obama consider magazine editor for a diplomatic post? >>
since world war 2 we've spent between 18 and 19% of the overall economy. that's the percentage of economic activity the government has consumed. if you look at revenue, we're at about 16%. if you look at spending, we're at 25%. we're way out of kilter when it comes to spending, and the president, all he wants to focus on is the little -- the reason we're at 16, n not 18, is becaue of poor economic growth. he doesn't want to focus on the problem. he wants to transform what american government is...
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this will have a positive effect on the economy. >> reporter: the comments had an impact on tokyo markets in mid-november. the yen weakened and stocks shot up. some analysts called it the abi rally. others are cautious about aggressive boj easing include prime minister noda. >> translator: construction bonds and deficit covering bonds are both debts. it could but the wrong economic policy to depends on the bonds and make the boj buy them. >> reporter: economists are also split on the issues. there's a lot the bank of japan can do. >> reporter: the boj can take a number of measures. one is to expand the balance sheet. the bank can buy more government bonds and even foreign bonds. another important step is for the boj to have a clear target for price increases. >> reporter: monetary easing alone cannot overcome deflation. >> defeating deflation is possible, unrealistic and not feasible and also destable ieid. >> what's needed to end japan's deflation and rescue japan out of its slump. >> deregulating medical industry, agriculture and maybe try to increase a number of immigrants. that'd be v
this will have a positive effect on the economy. >> reporter: the comments had an impact on tokyo markets in mid-november. the yen weakened and stocks shot up. some analysts called it the abi rally. others are cautious about aggressive boj easing include prime minister noda. >> translator: construction bonds and deficit covering bonds are both debts. it could but the wrong economic policy to depends on the bonds and make the boj buy them. >> reporter: economists are also split...
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ignorance of what's going to happen remember history red china everyone was terrified by god you got an economy going and now there anybody is friend so the question is will the economic which is a big problem and what that morsi been working on also depended on the prosperity of egypt as someone who's there would not agree that any ology even has a way of melding and mellowing if there's economic progress and i think that's why a lot of this fear. bother of the brotherhood is based on lack of information which is reasonable sense of secretive organization ok ivan. do you consider it important that you know the current president of egypt i mean he saw how his predecessor was overthrown ok i mean he knows the crowds can come out and make political change i think is part of his calculation. well i think he did overstep i mean i think i agree that he is probably trying to say this constitutional assembly which has been nixed once before and the parliament he tried to reopen that in the judiciary next to him and i will force the judiciary is a holdover from the mubarak era so nobody's completely cl
ignorance of what's going to happen remember history red china everyone was terrified by god you got an economy going and now there anybody is friend so the question is will the economic which is a big problem and what that morsi been working on also depended on the prosperity of egypt as someone who's there would not agree that any ology even has a way of melding and mellowing if there's economic progress and i think that's why a lot of this fear. bother of the brotherhood is based on lack of...
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find out what's really happening to the global economy. for a no holds barred look at the global financial headlines to kaiser report. hello and welcome to crossfire computable dealing with an ever thirsty world media is fond of the dramatic term water wars when it comes to describing the future management of global water resources i wonder valued is water today and how dear will it become as countries around the world go dry. and. to talk about what some call the possibility of future water wars i'm joined by tony allen in london he is a professor of geography at the school of oriental and african studies and author of the recent book the middle east water question hydro politics and the global economy also in london we have donnish mustafa he is a reader in politics and environment at king's college london and in washington we cross to michael goodwin and he is a south asia associate at the woodrow wilson international center for scholars all right gentlemen crosstalk rules in effect that means you can jump in any time one twenty five go
find out what's really happening to the global economy. for a no holds barred look at the global financial headlines to kaiser report. hello and welcome to crossfire computable dealing with an ever thirsty world media is fond of the dramatic term water wars when it comes to describing the future management of global water resources i wonder valued is water today and how dear will it become as countries around the world go dry. and. to talk about what some call the possibility of future water...
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this thursday also brought along very positive data from the german economy. the german manufacturing sector posted a significant increase of factory orders in october. something which gives hope for the industrial production in the months to come, and it also gives hope that the situation on the german labor market at least remains stable. >> let's take a quick look at some market numbers. the dax ended the day over 1% up at 7534. euro stoxx 50 close almost 0.5% up. across the atlantic, the dow jones is currently going up just a tad -- 13,043, the number there. the euro is trading for $1.2955. a legendary brazilian architect has died. he is best known as the father of brasilia, the modernist capital city erected in the amazon jungle. >> his future is to creations of concrete and steel won him international acclaim. he continue to work up until his death. he passed away at his home in rio de janeiro at the age of 104. >> he was a star of architectural modernism, best known for designing the new capital city of his homeland. he constructed the city of brasilia
this thursday also brought along very positive data from the german economy. the german manufacturing sector posted a significant increase of factory orders in october. something which gives hope for the industrial production in the months to come, and it also gives hope that the situation on the german labor market at least remains stable. >> let's take a quick look at some market numbers. the dax ended the day over 1% up at 7534. euro stoxx 50 close almost 0.5% up. across the atlantic,...
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one area of america's economy which is thriving is its prisons packed to the rafters with criminals who make up a very lucrative and cheap labor force and explains businessmen spend millions to keep it that way. in the us the market for cheap labor is booming behind bars in the last fifteen years partnership between prisons and private manufacturers has increased significantly there are becoming america's very own chinese style manufacturing line behind prison walls prisons in fact advertise themselves such as an alternative to outsourcing cheap labor to china or elsewhere on the web we came across this pitch that prisons prepared to persuade private sector companies to come and do business with them take a look. there is not enough folks that will do this type of work in this country so therefore we're bringing bringing back this industry that is actually has been going out of this country and we're putting it you know inside the walls and it's it's absolutely a perfect idea. i have a workforce that does not have car problems or babysitting center and there are always here and there al
one area of america's economy which is thriving is its prisons packed to the rafters with criminals who make up a very lucrative and cheap labor force and explains businessmen spend millions to keep it that way. in the us the market for cheap labor is booming behind bars in the last fifteen years partnership between prisons and private manufacturers has increased significantly there are becoming america's very own chinese style manufacturing line behind prison walls prisons in fact advertise...
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the main economy here, child prostitution. tragically pedophiles from around the world arrive daily to take advantage. >> but what are you going to do when you're done with your coffee? >> reporter: but the pink room is showing how agape international is helping girls who are rescued. they wanted to tell their stories. >> we focused on hope, and we focused on restoration. it's not about just talking about how bad the problem is and everything, but it really sets itself apart because it is about solutions and it is about hope. people are crying tears of joy, rather than tears of depression and frustration. >> reporter: "the pink room" shows how the agape administration rebuilds young lives. after watching her brothers and sisters go hungry, she decided at age 14 to enter a brothel. she quickly found herself trapped in torture and bondage, but when she arrived at the agape home, she found a new world, beginning with a princess ceremony. >> they hear from their costumers, i love you, and they're like, yeah, i've heard that before
the main economy here, child prostitution. tragically pedophiles from around the world arrive daily to take advantage. >> but what are you going to do when you're done with your coffee? >> reporter: but the pink room is showing how agape international is helping girls who are rescued. they wanted to tell their stories. >> we focused on hope, and we focused on restoration. it's not about just talking about how bad the problem is and everything, but it really sets itself apart...
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that's not what we believe is the kind of activity will get our economy and jobs rolling again. >> the white house will argue they're not the ones holds out to protect the top 2%, that it's the republicans doing that. >> great point, chris, the problem is what the president is holding out for is a nonsolution. the tax increases that the president wants on the top 2% will run this government not for eight years or eight weeks or eight weeks but run this government for eight days, which means it's not a solution. the president is not interested in real policy solutions by evidenced by what he has proposed, he's interested in politics and that's the challenge that we have a getting through that and making certain that we not be talking politics, we talk about positive policy for american people, getting committee rolling and getting jobs created. >> the administration, as we've been saying, has said they're prepared to go over the cliff. we heard that from tim geithner. if republicans refuse to raise taxes on the wealthy and john boehner said yesterday that's unacceptable, though he admit
that's not what we believe is the kind of activity will get our economy and jobs rolling again. >> the white house will argue they're not the ones holds out to protect the top 2%, that it's the republicans doing that. >> great point, chris, the problem is what the president is holding out for is a nonsolution. the tax increases that the president wants on the top 2% will run this government not for eight years or eight weeks or eight weeks but run this government for eight days,...
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to a consumption economy. they need to free up some sectors, stop subsidizing state owned banks and national champions, they need to do political reform. but what do they think they need to do? >> if you talk to people on the street in beijing these days where i love, what you hear from people over and over again is fundamentally the same thing. they want their expectations of this government to be fulfilled. they want to know fundamentally that this government has the best interest of the people at heart. over the last ten years what they've seen is their own income, family income, has not kept up with the enormous pace of the growth of the economy. they feel ultimately they're not winning out. what the government has to do is figure out a way to reassure people that they are in fact the number one priority. you've heard this over and over again in the first language from this new president. when he gave the first speech he put aside some of the old language about socialism and chinese characteristics and a h
to a consumption economy. they need to free up some sectors, stop subsidizing state owned banks and national champions, they need to do political reform. but what do they think they need to do? >> if you talk to people on the street in beijing these days where i love, what you hear from people over and over again is fundamentally the same thing. they want their expectations of this government to be fulfilled. they want to know fundamentally that this government has the best interest of...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into a report. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you thought you knew you don't know i'm trying hard welcome is a big issue. here watching all see life from all schools good to have you with us all stars he seems to be the future for britain at least for the government's extends its massive cuts program for five more years and to find finance minister waved away immediate protest saying talks hikes would help heal the country's ailing economy also has more now on london's proposed kewl. well everyone now madly picking their way through the facts and figures and wow was there a lot of. one thing that was very very clear and that's that the u.k. is set to face even more austerity no what those figures showed us was that the u.k. economy is going to shrink by not point one percent five hundred twenty twel
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into a report. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you thought you knew you don't know i'm trying hard welcome is a big issue. here watching all see life from all schools good to have you with us all stars he seems...
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hurt the economy more than necessary and. the last thing that you should do in times of economic weakness is to comic spending at such a fast rate because when consumers aren't spending because that. column when business is the hoarding cash it's actually the government that has that has to spend to get growth going and if you don't have growth then you weren't reduce your definitely doing that george five billion pounds on building projects been in the. planning to spend billions on infrastructure projects including road rail and cheap expansion that's what he's doing isn't it creating growth that yes i thought that was welcome but five billion it's pretty small bear i'm afraid the government. has not really come out with i would say the growth strategy that's that's needed and i think that the institute for fiscal studies has estimated that that five billion will increase. maybe buy point two percent say yeah so this states one person's already suffered a double dip recession i'm afraid much more is required to get the kind
hurt the economy more than necessary and. the last thing that you should do in times of economic weakness is to comic spending at such a fast rate because when consumers aren't spending because that. column when business is the hoarding cash it's actually the government that has that has to spend to get growth going and if you don't have growth then you weren't reduce your definitely doing that george five billion pounds on building projects been in the. planning to spend billions on...
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also throw into the mix the economy there. the economy in egypt is suffering terribly. today alone the stock market is down another 4.6%. the egyptian currency is at an eight-year low. those factors may be contributing to why at least now the egyptian president has decided to speak out. we will have to wait and see if there is any compromise in the works. >> we shall see. david lee miller live in our newsroom. i can tell you what happened so far in this speech. the egyptian president said among other things that the will of the people cannot be expressed boo i angry crowds in the street. but in fact the polls indicate and the word from the people is that's exactly what is happening. the egyptian president mohamed morsi from the muslim brotherhood is speaking live on egyptian television. should anything of significance come out of it we will bring it to you. >>> the software tycoon wanted in the murder of a neighbor has asked for asylum, but instead he is in jail. it has not stopped him from blogging about his adventures. the latest from john mcafee of mcafee software fa
also throw into the mix the economy there. the economy in egypt is suffering terribly. today alone the stock market is down another 4.6%. the egyptian currency is at an eight-year low. those factors may be contributing to why at least now the egyptian president has decided to speak out. we will have to wait and see if there is any compromise in the works. >> we shall see. david lee miller live in our newsroom. i can tell you what happened so far in this speech. the egyptian president said...
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nearly 45% of the city's economy is tied to defense spending. and in response to sea level rise, the navy has been replacing 14 piers at a cost of $35 million to $40 million apiece. >> sea level here is coming up for lots of reasons. there is no reason for it to go down. it just keeps coming up. >> reporter: larry atkinson heads the climate change and sea level rise institute at old dominion university. >> there is anecdotal evidence and there is real evidence that we have from the tide gauges we have. we can measure this. the science is simple. >> reporter: atkinson is part of a team of scientists the state of virginia has hired to study flooding. an early draft of the bill in the state assembly that funded the study drew criticism from some conservatives. the virginia tea party described the study on its website as: "more wasted tax dollars for more ridiculous studies designed to separate us from our money and control all land and water use." the final bill avoided the phrases sea level rise and climate change and won overwhelming bipartisan s
nearly 45% of the city's economy is tied to defense spending. and in response to sea level rise, the navy has been replacing 14 piers at a cost of $35 million to $40 million apiece. >> sea level here is coming up for lots of reasons. there is no reason for it to go down. it just keeps coming up. >> reporter: larry atkinson heads the climate change and sea level rise institute at old dominion university. >> there is anecdotal evidence and there is real evidence that we have...
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let's get back to work, guys let's make this economy grow. lia: is there something else that could be done in the long run? people tha are shipping through this port get burned is there another optn? because some of them made the argument, 40% of the cargo in this country moves through this port. no matter what people shift through this la giving the people that are on strike a whole lot of leverage? >> good point. we're always concned by diversn to other ports. we're concerned about diversion to prince rupert where the u.s. gets no money out of movement ofoods coming to the united states. but il th southern california are is suuh a large consuming ar it will always have a decent percentage of cargo coming through here but the incremental cargo is significant. if you divert 10% of the cargo away from los angeles it would be significant in the lo of jobs in sthern california alone. melissa: fred, thankso much for coming on the show. we appreciate it and best of luck to you. i hope this gets relved on. >> thank you very much. melia: so here's t
let's get back to work, guys let's make this economy grow. lia: is there something else that could be done in the long run? people tha are shipping through this port get burned is there another optn? because some of them made the argument, 40% of the cargo in this country moves through this port. no matter what people shift through this la giving the people that are on strike a whole lot of leverage? >> good point. we're always concned by diversn to other ports. we're concerned about...
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and the public i say public health minister thank you for joining us so the british economy is slowly healing according to chancellor george osborne what was your reaction to that well i thought that was a very silly statement the truth is every prophecy every target. he has he has not met his targets he is not going to deal with the deficit as he said the road growth we grow and also there's going to be a huge cart made in benefits pavement to some of the poorest people in the conclave are going to suffer the most i was resolved to go. and there's no end to this will start now i want to talk to you about that because we saw that just one percent for the benefit of the welfare bill and that's less than inflation you know that's really going to hit a huge. number of books forty seven billion pounds. and we're talking about farmers is a really on the bread line anyway even losing ten twenty pounds is a big hit i mean it's a very cold outside and it's a very cold prospect for britain's poor because they are going to bear the brunt of the start of course by christmas by also doesn't know
and the public i say public health minister thank you for joining us so the british economy is slowly healing according to chancellor george osborne what was your reaction to that well i thought that was a very silly statement the truth is every prophecy every target. he has he has not met his targets he is not going to deal with the deficit as he said the road growth we grow and also there's going to be a huge cart made in benefits pavement to some of the poorest people in the conclave are...
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Dec 2, 2012
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that will weaken the economy. that will ultimately weaken the people who pay the bills for entitlements. that is the first problem we have. >> jamie: so everybody gets taxed an you wouldn't expect income to rise. the unemployment situation, where does that go? >> guest: the best results we can expect from the fourth quarter is 1% economic growth. that's pathetic. we may tip in to recession in the first quarter of next year if taxes go up as much as they do. it's the largest tax increase in american history. what i think we can do, and what would make the most sense since both sides seem to be dug in, let's build a bridge over the fiscal cliff, temporary bridge that says, you know, we will extend the tax cuts. you know, we'll reduce the spending cuts, especially in defense. we've going to do it for three months, six months. then we can have some time to look at this responsibly. remember, congress and the president never do anything that close to a good job if they are on a deadline or rush timetable. you know, we
that will weaken the economy. that will ultimately weaken the people who pay the bills for entitlements. that is the first problem we have. >> jamie: so everybody gets taxed an you wouldn't expect income to rise. the unemployment situation, where does that go? >> guest: the best results we can expect from the fourth quarter is 1% economic growth. that's pathetic. we may tip in to recession in the first quarter of next year if taxes go up as much as they do. it's the largest tax...
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now have a look at what the figures show us and it is actually that the economy set to shrink by the end of twenty twelve by about nor point one percent now it's a small amount but of course new sides of that all important growth in fact what we saw is the borrowing is up is that the debt is rising and not falling and that what will set the scene now is more cuts in spending more cuts to the welfare and that's that's really important millions of families all across britain in real terms now very importantly one of the crucial bits of that statement is that we've seen the government have missed that debt reduction target that they set themselves and we're now facing and also there is the program that's been extended left going to take us away to twenty eight hundred so incredibly bad knees certainly the chancellor trying to paint it as a sort of economic situation that said to continue looking pretty bleak but importantly he was trying to couch it in terms that he was say hey look it's despite our policies and not because of our policies and of course that's something that many of the
now have a look at what the figures show us and it is actually that the economy set to shrink by the end of twenty twelve by about nor point one percent now it's a small amount but of course new sides of that all important growth in fact what we saw is the borrowing is up is that the debt is rising and not falling and that what will set the scene now is more cuts in spending more cuts to the welfare and that's that's really important millions of families all across britain in real terms now...
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to the greek economy not to mystic statements that make the opposition i mentioned the social democrats they're saying that they need to. restructuring for greece will have to wait until after the general election takes place here so with the chancellor of the election starting to come into view on. being politically embarrassed by having to go back on a promise she's made it's all stone to be a very interesting debate when german politicians discuss the latest financial aid package for greece it all reporting there next hour max kaiser and state her work to expose bank looters damaging economies all the way from africa to. congo rebels around central banking goma they're looting the bank a un source said later another un source denied that there had been money in the bags insisting they were full of being a lot of the central banks are collateralized by beans that's similar to the bank of england mark carney is going to be arriving to the bank of england in a few short months and else find that in the vaults bags. and some of boris johnson's links but other than that there's nothing to
to the greek economy not to mystic statements that make the opposition i mentioned the social democrats they're saying that they need to. restructuring for greece will have to wait until after the general election takes place here so with the chancellor of the election starting to come into view on. being politically embarrassed by having to go back on a promise she's made it's all stone to be a very interesting debate when german politicians discuss the latest financial aid package for greece...
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find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines kaiser reports on. the world with. its technology innovation all the developments around russia. the future covered. groups and footage of the most part of showing syrian rebels executing loyalists what the victims pleaded for their lives and some of the images you're about to see extremely graphic one of the government is referencing an al qaeda linked group behind several terrorist attacks in syria the rebels are claiming new advances in their drive towards the capital. talked news analyst pattern heading for the last in london. although they said latest video we saw a bit of it on the screens there can't be fully verified if it is genuine how might it affect the a western backing of opposition fighters will it change anything no it won't change anything at all. in fact i believe the. leaders of our western countries particularly nato countries or encouraging it. the syrian terrorist rebels guerrillas whatever you want to call them to really acceler
find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines kaiser reports on. the world with. its technology innovation all the developments around russia. the future covered. groups and footage of the most part of showing syrian rebels executing loyalists what the victims pleaded for their lives and some of the images you're about to see extremely graphic one of the government is referencing an al qaeda linked group...
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Dec 5, 2012
12/12
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KQED
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if you don't give us what we want, we'll tank the economy. nice little economy you've got here. shame if shg were to happen to it. this needs to be taken off the table. >> ifill: let's assume we do go over the cliff as you suspect, where do we we land? where is the balance both sides are looking for? >> well, i mean in a way you could say a balanced outcome is that most of the bush tax cuts will survive. the fact of the matter is just a small piece of them is going to be taken away. there's a lot of things that the democrats want: extension of the payroll tax, expansion of unemployment been tits, more stimulus in general. that probably won't happen if we go over the cliff. it's not as if we're talking about a situation in which president obama gets everything he wants. i'm not sure. what we want is the least bad outcome for the u.s. economy. and the u.s. long-term fiscal outlook that we can get. i don't think that balance is what we're seeking. what we're seeking is is let's try not to mess up this situation even more than it already is mess up. >> ifill: do you agree with erski
if you don't give us what we want, we'll tank the economy. nice little economy you've got here. shame if shg were to happen to it. this needs to be taken off the table. >> ifill: let's assume we do go over the cliff as you suspect, where do we we land? where is the balance both sides are looking for? >> well, i mean in a way you could say a balanced outcome is that most of the bush tax cuts will survive. the fact of the matter is just a small piece of them is going to be taken away....
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assad fighters using chemical weapons that's the view of middle east expert a tough economy. i don't see the the us or the regime style is the style that will likely use the chemical weapons against his people and how how over when it comes to the jihadists attacking him. in the last moments you never know what can happen again you have this what is important to mention a vital issue here that the jihadists are even more dangerous if we got these chemical weapons in their head so if you're told that the regime may use this chemical weapons of possibility that the jihadist will use it again with their opponents will be much much more the jihadists have no problem to behead people alive you deal with people like bin ladin and the radicals of al qaida who have no his e.t.a. shion to use any form of work pond to really like control any place. religious believes in ideology. and there's unverified evidence suggesting that anti arson forces may actually be seeking to launch a chemical attack and there are a minority dot com we have a video where an alleged rebel fighter uses a dave
assad fighters using chemical weapons that's the view of middle east expert a tough economy. i don't see the the us or the regime style is the style that will likely use the chemical weapons against his people and how how over when it comes to the jihadists attacking him. in the last moments you never know what can happen again you have this what is important to mention a vital issue here that the jihadists are even more dangerous if we got these chemical weapons in their head so if you're told...
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find out what's really happening to the global economy with max concert for a no holds barred look at the global financial headlines tune in to the report on our. world. series technology innovation all the developments around russia we've got the future covered. about totty now the e.u. doesn't deserve its a nobel peace price that's according to several former winners soon open letter to the foundation demanding the twenty seven nation be stripped of the award let's see sara for. in that letter they said that the twenty seven nation blocks getting this award contradicts the valley's safety ated with the pricing what they want to see happening is the one point two million dollar prize money not be awarded this year and they also said that the clearly not one of the champions of peace a consensus here amongst the signature even indeed among many many people when this award was announced this year was that really the awarding of the prize the european union not in the keeping of the spirit of the nobel peace prize the prize was awarded at a time when the e.u. is they think the biggest c
find out what's really happening to the global economy with max concert for a no holds barred look at the global financial headlines tune in to the report on our. world. series technology innovation all the developments around russia we've got the future covered. about totty now the e.u. doesn't deserve its a nobel peace price that's according to several former winners soon open letter to the foundation demanding the twenty seven nation be stripped of the award let's see sara for. in that...
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Dec 4, 2012
12/12
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do you expect the economy to go over the fiscal cliff? what kind of reaction might we see in the market if that were to materialize? >> well, if we saw the market sell off in a big way, i don't think anybody believes we're going to go over the fiscal cliff. there will be some sort of resolution. they'll come up with some tax cuts, some breaks in spending, and probably kick the can down the road on a lot of it. i love the way this market is acting. it's not selling off with all the bad news, all the bickering, all the bad words on each side. you've got to love the way that this market is holding up here. doesn't mean investors need to be carefree, but overall, it looks like the market is setting up with a lot of negative sentiment out there. looks like there's a lot of opportunity for a big run higher once we get some form of resolution. i really believe we're going to get it. >> you think by year end? >> i really do. i think they want to go home for christmas. they're not going to want to not go home for christmas. you can always count on
do you expect the economy to go over the fiscal cliff? what kind of reaction might we see in the market if that were to materialize? >> well, if we saw the market sell off in a big way, i don't think anybody believes we're going to go over the fiscal cliff. there will be some sort of resolution. they'll come up with some tax cuts, some breaks in spending, and probably kick the can down the road on a lot of it. i love the way this market is acting. it's not selling off with all the bad...
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Dec 7, 2012
12/12
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what is it that's transformed and built the economy? federal contracts. from 1980 through 2009, federal contracting in northern virginia increased from $1.7 billion to $38.5 billion, but there's worry the bottom could fall out. >> government contractors would stop doing business in fairfax county because there
what is it that's transformed and built the economy? federal contracts. from 1980 through 2009, federal contracting in northern virginia increased from $1.7 billion to $38.5 billion, but there's worry the bottom could fall out. >> government contractors would stop doing business in fairfax county because there
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Dec 2, 2012
12/12
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that will destroy economy. no spending controls. >> shannon: across the board, bad things are going to happen. both sides of this equation agree if we go over the cliff. senator graham seems convinced that is what is going to happen. >> i'm not convinced it would happen. but the road we are going down right now is more likely to happen. we can't avert it. but i hope that the republicans will not cave in to the democrat demands. more taxes, more spending, cuts later, because the cuts never happen. we are at a crossroad now. the president has an opportunity to lead. he has to get involved rather than run all over the country and politic. the election is over. but this is real stuff now. it affects everybody in america. it will affect our economy. >> shannon: absolutely. now you say you don't want to see republicans blink fire department you talk about the revenue on the table are you opposed to raising the tax rates? >> the first thing i'm opposed to raising rates. individual taxes. a lot of ways to skin the cat
that will destroy economy. no spending controls. >> shannon: across the board, bad things are going to happen. both sides of this equation agree if we go over the cliff. senator graham seems convinced that is what is going to happen. >> i'm not convinced it would happen. but the road we are going down right now is more likely to happen. we can't avert it. but i hope that the republicans will not cave in to the democrat demands. more taxes, more spending, cuts later, because the cuts...
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Dec 7, 2012
12/12
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they had no interesting crippling the iranian economy. frankly that is just what we need to do, you look at that messageing, they were wrong then and i suspect their resistance to dropping the hammer will continue. but i suspect all so that we have a renewed understanding, interest in the importance of moving quickly and intensifying this effort because the stakes couldn't be higher. iran is in violation of its international obligations. from the pace of its nuclear development cited by international atomic energy agency to its refusal to open to inspectors, where it is suspected of conducting weapon as asian tests. i have seen the handiwork of the terrorist sponsoring country of iran. i was there during the war with hezbollah as iranian and syrian made missiles slammed into neighborhoods, slammed into the porch, at one point they even targeted the hospital there. in that hospital i saw 600 civilian victims of these missiles, iranian made and syrian made and that inventory of iranian supplied weapons continues to increase arithmetically a
they had no interesting crippling the iranian economy. frankly that is just what we need to do, you look at that messageing, they were wrong then and i suspect their resistance to dropping the hammer will continue. but i suspect all so that we have a renewed understanding, interest in the importance of moving quickly and intensifying this effort because the stakes couldn't be higher. iran is in violation of its international obligations. from the pace of its nuclear development cited by...